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Pegswood Cemetery Cottage Old Road, Morpeth - Image 1
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Pegswood Cemetery Cottage Old Road, Morpeth

North East

£125,000
Listed on 13/11/2025

Property Details

Bedrooms
2
Type
Detached house

Description

This secluded two-bedroom bungalow presents an appealing renovation opportunity for those looking to invest in a property with significant potential. Nestled within the tranquil surroundings of Pegswood Cemetery, the home features well-proportioned rooms and a spacious enclosed garden, offering both privacy and a unique living environment. Internally, the layout includes a welcoming porch that leads into a generous lounge with views over the front garden. Adjoining the lounge is a separate dining area suited for family gatherings or entertaining guests. The kitchen, equipped with a range of wall and base units, provides ample storage options and a foundation upon which to create your ideal culinary space. Both bedrooms are doubles, ensuring comfortable accommodations, while the family bathroom includes essential amenities such as a W.C., hand basin, bath, and shower over bath. The property is surrounded by gardens that encircle the bungalow, providing scenic views of the cemetery and allowing for outdoor enjoyment throughout various seasons. While there is currently no designated parking available, there is potential to modify the veranda area to create parking space if desired. Located in Pegswood, residents benefit from local amenities including a co-op store, primary school, and doctor's surgery. Additionally, Morpeth town center is just a short drive away where you can explore an array of shops, restaurants, bars, and picturesque river walks. This bungalow requires extensive renovation but offers substantial investment potential in a sought-after location. Given its current condition and unique offering, viewings are highly recommended to appreciate what this property could become. As additional note: this property is marketed on behalf of Northumberland County Council on terms that require consideration of offers after an initial minimum marketing period of four weeks. For further details regarding services supplied and tenure matters, consultation with your legal advisor will be necessary upon decision-making regarding this property.

Investment Analysis

(NE61 area)
Area Average
£245/sq ft
Avg Rent (weekly)
£222
Avg Yield
3.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£40,000 - £70,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (NE61)

Area prices are rising by +3.1% over the last 12 months
3 year growth: 17.3%
5 year growth: 15.9%
Investment Disclaimer: Analysis based on NE61 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

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Location

Pegswood Cemetery Cottage Old Road, Morpeth
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